Answer:
Each share gained $0.10, which is an 11.76% increase (10/85).
The profit if the share is sold at $0.95/share, is $1000 and this can be determined by using the arithmetic operations.
Given :
The following steps can be used in order to determine the profit if the share is sold at $0.95/share:
Step 1 - The arithmetic operations can be used in order to determine the profit if the share is sold at $0.95/share.
Step 2 - According to the given data, the cost of 10000 shares of a stock is $0.85 a share. So, let the total cost of 10000 shares be 'x'. So, the value of 'x' is:
[tex]x = 10000\times 0.85\\x = \$8500[/tex]
Step 3 - Now, after one year the shares price is $0.95 a share. So, let the cost of 10000 shares after one year be 'y'. So, the value of 'y' is:
[tex]y = 10000\times 0.95\\y = \$9500[/tex]
Step 4 - So, the profit if the share is sold at $0.95/share, is:
[tex]P = y-x[/tex]
[tex]P= 9500-8500[/tex]
[tex]P= \$1000[/tex]
Therefore, the profit if the share is sold at $0.95/share, is $1000.
For more information, refer to the link given below:
https://brainly.com/question/1494270
